CHALDC01 OpeningCHALDC02 Problem DescriptionCHALDC03 Reason for ActionCHALDC04 Adverse ActionCHALDC05 Investigative ReportCHALDC06 Additional InformationCHALDC07 Closing
This required section providesthe names and addresses ofboth the Applicant and thelending agency. Press[Ctrl+F1] for moreinformation.This required section enablesthe Applicant to state exactlywhat the challenge is and theproblems occurring with it.Press [Ctrl+F1] for moreinformation.This optional section enablesthe Applicant to describe thereasons why this action wastaken. Press [Ctrl+F1] formore information.This optional section enablesthe Applicant to requestinformation in regards to thenature of the adverseinformation if the source wasnot provided. Press [Ctrl+F1]for more information.This optional section allowsthe Applicant to be providedwith a complete and accuratereport of the investigationperformed by the lendingagency. Press [Ctrl+F1]for more information.This optional section enablesthe Applicant to includeadditional informationregarding the challenge.Press [Ctrl+F1] for moreinformation.This required sectionprovides signature lines forboth parties and containsoptional phone numbers wherethe Applicant may be reached.Press [Ctrl+F1] for moreinformation.
REQUIRED TRANSFER SECTIONCount Field 1 1 1 1 1 1 1 1 1 1 1TODATE
REQUIRED OPENING SECTION (SECTION 1 OF 7) [NOTE: If you are denied credit the federal law requires that a reason be provided to you. If you believe you have been denied credit unfairly, or other adverse action relating to your credit has been taken, you may wish to refer this matter to an attorney for assistance.] [Letterhead Information - Person/Contact Person at Company]
F [Company Name:]
R
O
M
[Inside Address - Lending Agency]
T
O
Re: :
This required section states the names and addresses of the personor company challenging the denial of credit and the company that hasdenied the credit application. You may wish to refer to an attorneyfor assistance if other adverse action has been taken regarding yourcredit. Access the Expert Guide for more information.Enter the name of the person or contact person at the companychallenging the denial of credit (the "Applicant") or edit theinformation as desired. Press [F2] to select and paste a recordfrom the Address Manager.Enter an X if this is a joint challenge. Access the Expert Guidefor more information.Enter the name of the Co-Applicant if this is a joint challenge.Enter an X to include the employment title of the Co-Applicant atthe company.Enter the Co-Applicant's employment title. For example,"Supervisor" or "Marketing Coordinator".Enter an X if the Applicant is a company.Enter an X to include the employment title of the Applicant atthe company.Enter the Applicant's employment title. For example, "Supervisor" or"Marketing Coordinator".Enter the name of the company who is challenging the denial ofcredit.Enter the Applicant's street address or edit the information asdesired.Enter the Applicant's extended street address or edit theinformation as desired.Enter the Applicant's city or edit the information as desired.Enter the Applicant's state/province or edit the information asdesired. Press [F8] to select a state from the selection box.Enter the Applicant's zip/postal code or edit the information asdesired.Enter an X to include the Applicant's country, if outside the UnitedStates.Enter the Applicant's country or edit the information as desired.Using the format MM/DD/YYYY, enter the date of the letter or editthe information as desired.Enter the personal title and name of the contact person for thecompany you are challenging. Press [F2] to select and paste arecord from the Address Manager.Enter the contact person's employment title or edit the informationas desired. For example, "Supervisor" or "Marketing Coordinator".Enter the name of the company that denied the Applicant's creditor took other adverse action regarding the Applicant's credit.Press [F2] to select and paste a record from the Address Manager.This entity will be referred to as the "lending agency."Enter the lending agency's street address or edit the information asdesired.Enter the lending agency's extended street address or edit theinformation as desired.Enter the city where the lending agency is located or edit theinformation as desired.Enter the state/province where the lending agency is located oredit the information as desired. Press [F8] to select a state fromthe selection box.Enter the lending agency's zip/postal code or edit the informationas desired.Enter an X to include the country where the lending agency islocated, if outside the United States.Enter the country or edit the information as desired.Enter a subject for this letter or press [F8] for suggestions. Ifthis field is left blank, it will not be printed. Access the ExpertGuide for more information.Enter a salutation or press [F8] for suggestions. NOTE: If thisfield or the following name field is left blank, it will not beprinted.Enter the contact person's name or edit the transferred information.
Dear Denial of Credit
REQUIRED PROBLEM DESCRIPTION SECTION (SECTION 2 OF 7) [Select from 3 program-supplied paragraphs regarding the Denial of Credit, Termination of Accounts or Unfavorable Change in Credit Terms or compose your own paragraph.] [Denial of Credit] application for credit with you was made on , for notified on , that application has been denied. [Termination of Account] notified on , of the termination of , Account Number: . [Unfavorable Change in Credit Terms and Other] notified on , [Compose your own paragraph explaining the problem.]
This required section explains the reasons for writing this letter.Choose from the three program-supplied paragraphs or compose yourown.Enter an X to state when you were notified of the denial of creditand the reasons provided for the denial. Select this option only ifyou have chosen Denial of Credit as the reason for this letter.Using the format MM/DD/YYYY, enter the date on which the applicationfor credit was made.Enter a brief description of the account or type of creditrequested.Use this space, if needed, to continue a description of the accountor type of credit requested.Using the format MM/DD/YYYY, enter the date on which you werenotified of the credit denial.Enter an X to state when you were notified of the termination ofyour account and the reasons given for the termination. Select thisoption only if you have chosen Termination of Account as the reasonfor this letter.Using the format MM/DD/YYYY, enter the date on which you werenotified of the termination of the account.Enter a brief description of the terminated account.Use this space to include additional information regarding theaccount.Enter an X to include the terminated account number. This assiststhe company in locating your file.Enter the terminated account number.Enter an X to include a paragraph regarding unfavorable changesin credit terms. Select this option only if you have chosenUnfavorable Change in Credit Terms as the reason for this letter.Using the format MM/DD/YYYY, enter the date on which you werenotified of the changes.Enter a brief description of the changes made in the credit termsand what makes them unfavorable.Use this space, if needed, to continue a description of theunfavorable changes.Enter an X to compose your own detailed paragraph explaining thereason for writing the letter.Use this space to describe the reason for writing this letter.
OPTIONAL REASON FOR ACTION SECTION (SECTION 3 OF 7) Please provide additional information as to why the above adverse action was taken.
Enter an X to include a paragraph stating the reasons given by thecreditor for its action.Use this space to describe the reasons given by the creditor for itsaction.Enter an X to select a program-supplied sentence requestingadditional information as to why the above described action wastaken.
OPTIONAL ADVERSE ACTION SECTION (SECTION 4 OF 7) [Select this paragraph if the action taken was based on adverse information, and the source of the adverse information was not given.] Please advise if the adverse action was based in whole or in part on information contained in a consumer credit report or on information obtained from a source other than a consumer reporting agency. If the adverse action was based on information from a source other than a consumer reporting agency, please indicate the nature of the adverse information, such as credit worthiness, credit standing, credit capacity, character, general reputation, or personal characteristics.
Enter an X to include a program-supplied paragraph requestinginformation on the nature of the adverse information and if thesource of the information was not given.E
OPTIONAL INVESTIGATIVE REPORT SECTION (SECTION 5 OF 7) [Select this program-supplied sentence if the lending agency has indicated that an investigative report has been undertaken.] have been advised that an investigative report will be undertaken. Please provide a complete and accurate description of the nature and scope of this investigation.
Enter an X to include a program-supplied sentence requesting acomplete and accurate description of the nature and scope of theinvestigation that will be undertaken by the lending agency.C
OPTIONAL ADDITIONAL INFORMATION SECTION (SECTION 6 OF 7) In response to the reason given for this , would like to provide additional information. [Compose your own paragraph.]
Enter an X to include a paragraph that provides additionalinformation in response to the reasons given by the creditor.Enter an X to select a program-supplied paragraph, rather than yourown customized paragraph.Enter the type of challenge or edit the transferred information asdesired. Press [F8] for more selections from selection box.Use this space to provide additional information in response to thereasons given.
REQUIRED CLOSING SECTION (SECTION 7 OF 7) Your review of this matter would be appreciated. Please respond at your earliest convenience regarding the results of your review. [Compose your own closing paragraph.] If you have any questions or need additional information, please contact at the above address. can also be contacted by phone at extension or extension . A fax can be sent to . [Optional enclosure and carbon copy lines.]
D I
This required section provides for a closing paragraph. A closingshould state additional information that was not previouslymentioned and advise the company on how to reach the Applicant(s).Enter an X to select a program-supplied sentence requesting that thelending agency respond at their earliest convenience.Enter an X to compose your own closing paragraph.Use this space to close the letter and request a response.Enter an X to select a program-supplied sentence stating that thelending agency may contact you at the given address for questions orconcerns.Enter an X to include phone numbers where you can be reached.Enter an X to include a phone number at which you can be reachedduring non-company hours.Enter a non-company phone number or edit the information as desired.Enter an X to include a phone extension number.Enter a phone extension number or edit the information as desired.Enter an X to include a phone number at which you can be reachedduring company hours.Enter a company phone number or edit the information as desired.Enter an X to include a phone extension number.Enter a phone extension number or edit the information as desired.Enter an X to include a facsimile number.Enter a facsimile number or edit the information as desired.Edit the complimentary closing or press [F8] to select anotherclosing from the selection box.The program completes the Applicants's name by transferring theinformation from a previous section. You mat edit the informationas desired without affecting earlier data.The program completes the checkbox to include the name of theCo-Applicant by transferring the information from a previoussection.The program completes the Co-Applicant's name by transferring theinformation from a previous section.The program completes the checkbox to include information regardingthe Applicant by transferring the information from a previoussection.The program completes the Applicants's employment title bytransferring the information from a previous section. Theinformation can be modified without affecting earlier data.The program completes the checkbox to include information regardingthe Co-Applicant by transferring the information from a previoussection. The information can be modified without affecting earlierdata.The program completes the Co-Applicant's employment title bytransferring the information from a previous section. Theinformation can be modified without affecting earlier data.Enter an X to include a listing of attachments, enclosures, orpersons to whom copies of the letter are being sent.Use this space to enter information regarding enclosures or copiesor press [F8] to select a description from the selection box. Forexample, "Enclosures" or "Copy To".Use this space to enter corresponding information. For example, adescription of the enclosure(s) or the name of a party receiving acopy.
Sincerely, /
ADDR3
TOADDR
application for credit with you was made on
, for
notified on
, that
application has been denied.
notified on
, of the termination of
, Account Number:
notified on
BFREE6
BFREE6
BFREE6
Please provide additional information as to why the above adverse action was taken.
Please advise if the adverse action was based in whole or in part on
information contained in a consumer credit report or on information
obtained from a source other than a consumer reporting agency. If the
adverse action was based on information from a source other than a
consumer reporting agency, please indicate the nature of the adverse
information, such as
credit worthiness, credit standing, credit
capacity, character, general reputation, or personal characteristics.
have been advised that an investigative report will be undertaken.
Please provide a complete and accurate description of the nature and
scope of this investigation.
In response to the reason given for this
would like to provide additional information.
BFREE6
Your review of this matter would be appreciated. Please respond at
your earliest convenience regarding the results of your review.
BFREE6
If you have any questions or need additional information, please contact
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